Hello NDBU Members! We are busy compiling information on past and present legislation and how it might affect businesses like yours across the state. We will also share items found elsewhere that can impact you, your employees and families, making it as brief as possible to get you on your way!
URGENT: New IRS Requirement!
Have you completed the form for Beneficial Owner Information? It’s imperative that we all understand our mandatory reporting obligations surrounding this 2024 rule that carries potential fines and/or jail time! Many have been caught off guard, thinking it doesn’t apply to them. For more information, please visit: IRS Beneficial Owner Information Reporting
We hope your objectives & ours align. Here’s a quick overview of issues that can affect business owners in North Dakota and some of what we’re tracking:
- Executive Orders: Sudden decisions can create confusion and unexpected new rules.
- Tax Obligations: Could increase administrative work and costs.
- Health and Safety Rules: Regular inspections and potential fines.
- Licensing Requirements: Time-consuming or expensive renewals.
- Minimum Wage Laws: Potential increases in payroll costs.
- Labor Laws: Changing regulations could lead to extra costs or management challenges.
- Environmental Regulations: Could Increase costs across varying industries.
- Zoning Laws: Restrictions on business locations could limit growth.
- Smoking Regulations: Could affect customer preferences and business operations.
- Gaming Regulations: Strict rules potentially limit site & charity profits.
We Want to Hear from You! What are your concerns and how can we best serve and inform you during the upcoming legislative session and beyond?
We want to again thank you for your membership. We’re so glad you’re part of the effort to
Return The Power To The People.
Remember: Be sure to tell your associates about NDBU & to join before March 2025 for 50% off!